The Indian Hotels Company Limited (IHCL) and its subsidiaries are collectively known
as Taj Hotels Resorts and Palaces and is recognised as one of Asia's largest and
finest hotel company. Incorporated by the founder of the Tata Group, Mr. Jamsetji
N. Tata, the company opened its first property, The Taj Mahal Palace Hotel, Bombay
in 1903. The Taj, a symbol of Indian hospitality, completed its centenary year in
2003.

Spanning the length and breadth of the country, gracing important industrial towns
and cities, beaches, hill stations, historical and pilgrim centres and wildlife
destinations, each Taj hotel offers the luxury of service, the apogee of Indian
hospitality, vantage locations, modern amenities and business facilities.

IHCL operate in the luxury, premium, mid-market and value segments of the market
through the following:

Taj (luxury full-service hotels, resorts and palaces) is our flagship
brand for the world's most discerning travelers seeking authentic experiences
given that luxury is a way of life to which they are accustomed. Spanning world-renowned
landmarks, modern business hotels, idyllic beach resorts, authentic Rajput palaces
and rustic safari lodges, each Taj hotel reinterprets the tradition of hospitality
in a refreshingly modern way to create unique experiences and lifelong memories.

Taj also encompasses a unique set of iconic properties rooted in history and tradition
that deliver truly unforgettable experiences. A collection of outstanding properties
with strong heritage as hotels or palaces which offer something more than great
physical product and exceptional service. This group is defined by the emotional
and unique equity of its iconic properties that are authentic, non- replicable with
great potential to create memories and stories.

Taj Exotica is our resort and spa brand found in the most exotic and relaxing
locales of the world. The properties are defined by the privacy and intimacy they
provide. The hotels are clearly differentiated by their product philosophy and service
design. They are centered around high end accommodation, intimacy and an environment
that allows its guest unrivalled comfort and privacy. They are defined by a sensibility
of intimate design and by their varied and eclectic culinary experiences, impeccable
service and authentic Indian Spa sanctuaries.

Taj Safaris are wildlife lodges that allow travelers to experience the unparalleled
beauty of the Indian jungle amidst luxurious surroundings. They offer India's
first and only wildlife luxury lodge circuit. Taj Safaris provide guests with the
ultimate, interpretive, wild life experience based on a proven sustainable ecotourism
model.

Vivanta by Taj Hotels & Resorts - Hailed by Wallpaper UK as a "stroke of genius"
and rated by Conde Nast Traveler US as the
3rd best global hotel brand Vivanta
by Taj offers an imaginative, vivacious and stylish take on 'cool luxury'

Work hard and play hard. Relax and energize. Ideate and confer. Evolve and transform. Revel in a spirit that presents the
normal with an unexpected twist. Stylish and sophisticated, Vivanta by Taj delivers experiences with imagination, energy and
efficiency. Currently comprised of 29 hotels and resorts in India and the Indian Ocean region, Vivanta by Taj is represented
across key metropolitan capitals as well as popular vacation destinations like Goa, Kerala, Rajasthan, Coorg, Langkawi, Bentota
and the Maldives. With innovative cuisine, energetic spaces, unique motifs, distinct avatars, the smart use of technology and
experiences that seek to constantly engage, invigorate and relax, it appeals to the cosmopolitan world-traveler immersed in a
sensory lifestyle. Stay connected to Vivanta by Taj Hotels &
Resorts

The Gateway Hotels & Resorts is a full service upscale hospitality brand in the South
Asia region. Designed for the modern nomad, Gateway
provides
consistent, courteous and crisp service for business and leisure travellers seeking contemporary and refreshing experiences.
Keeping in mind those looking for comfort, familiarity and flexibility, the hotels & resorts are divided into 8 zones – Enter,
Stay, Hangout, Meet, Work, Workout, Unwind and Explore. 24/7 services such as 24/7 breakfast, 24/7 'active studio' and 24/7
laundry are all designed to cater to guests round-the-clock. Gateway provides welcome perfection through an unrivalled network
and innovative cuisine offerings like 'active food' – superfoods and low glycemic index foods for the health conscious;
regional home-style cuisine; 'eat-in' – refreshed in-room dining menus and 'wake up' - buffet breakfasts with a range of
healthy and indulgent options. Flexible, dynamic and warm service, 'in-room yoga' amenities and 'explore' packages all make The
Gateway Hotels & Resorts sanctuaries that refresh, refuel and renew. Stay connected to The Gateway Hotels &
Resorts

Ginger (economy hotels) is IHCL's revolutionary concept in hospitality
for the value segment. Intelligently designed facilities, consistency and affordability
are hallmarks of this brand targeted at travelers who value simplicity and self-service.

Taj Hotels Resorts and Palaces is committed to replicate its domestic success onto
international shores with plans to build an international network of luxury hotels,
which will provide an exemplary product-service combination and in the process create
a global brand. The current international portfolio includes luxury resorts in the
Indian Ocean, business and resort destinations in the Middle East and Africa, serviced
apartments in the UK, the first hotel in Australia and three a top-end luxury hotels
in the US.

Throughout the Company's expansion, its mandate has been twofold: to infuse
a sense of Indian heritage and culture within each diverse property, while also
anticipating the needs and desires of the sophisticated traveller. Over the years,
the Taj has won international acclaim for its quality hotels and its excellence
in business facilities, services, cuisine and interiors.

The Taj strengthened its presence in the Indian Ocean rim with the Exotica Brand.
The Taj Exotica was evolved as part of Taj Hotels Resorts and Palaces intent to
position it as a brand that is clearly differentiated by its product philosophy
and service design. The Taj Exotica Resort and Spa, in Maldives is centered on high-end
accommodation, intimacy and an environment that allows its guest's unrivalled
comfort and privacy.

Taj Hotels further expanded its global footprint by securing management contracts
at Palm Island, Jumeirah in Dubai, Saraya Islands in Ras Al Khaimah, Aldar Group
in Abu Dhabi, UAE Langkawi in Malaysia and Thimpu in Bhutan. The most significant
additions to the portfolio have been The Pierre, the iconic landmark hotel on New
York's Fifth Avenue, Taj Boston and Blue, Sydney.

The presence of Taj Hotels Resorts and Palaces internationally has been developed
through a network of Taj regional sales and PR offices in the United Kingdom, France,
Germany, Italy, Dubai, Singapore, Australia, Japan, Russia and the United States
of America.

At the Taj Hotels Resorts and Palaces luxurious living and fine dining find common
ground. Whether it is introducing exotic world cuisines to India or taking authentic
Indian fare to the world, the Taj Hotels Resorts and Palaces is renowned for the
eclectic culinary experiences it brings to its guests. Through a vast repertoire
of award-winning restaurants, legendary recipes from royal kitchens and celebrated
food festivals, the Taj has pioneered innovation in fine dining across the world.

Taj Hotels also promise a whole new experience of tranquillity and total 'wellness',
through Jiva Spas a unique concept, which brings together the wisdom and
heritage of the Asian and Indian Philosophy of Wellness and Well-being. Rooted in
ancient Indian healing knowledge, Jiva Spas derive inspiration and spirit from the
holistic concept of living. There is a rich basket of fresh and unique experiences
under the Jiva Spa umbrella of offering, Yoga and Meditation, mastered and disseminated
by accomplished practitioners, authentic Ayurveda, and unique Taj signature treatments.
Royal traditions of wellness in service experiences, holistic treatments involving
body therapies, enlivening and meaningful rituals and ceremonies and unique natural
products blended by hand, come together to offer a truly calming experience.

IHCL operates Taj Air, a luxury private jet operation with state-of-the-art
Falcon 2000 aircrafts designed by Dassault Aviation, France; and Taj Yachts, two
3-bedroom luxury yachts which can be used by guests in Mumbai and Kochi, in Kerala.

IHCL also operates Taj SATS Air Catering Ltd., the largest airline catering service in
South Asia, as a joint venture with SATS
(formerly known as Singapore Airport Terminal Services).

Additionally, it operates the Indian Institute of Hotel Management, Aurangabad since
1993. The institute offers a Four-year
diploma, designed with the help of
international faculty and has affiliations with several American and European programmes.

CORPORATE SUSTAINABILITY AND SOCIAL RESPONSBILITY

As part of Tata's; India's premier business house; we at the Taj Group, have always believed in
society and environment being integral stakeholders in our business. Over the last 112 years, we have endeavored to
uphold the belief of our founder, 'Jamsetji Tata' that the 'purpose of business' is rooted in the advancement of the
society in which it operates in.

This belief has driven our corporate sustainability endeavors where we have striven to make a positive impact in
the destinations of our hotel locations. Supporting the local communities in the areas of our operations and reducing the carbon footprint
of our hotels has been at the forefront of our sustainability endeavors. We have continuously reviewed and evolved our programs to ensure
our support meets the current needs of the locally based communities and is relevant to the ever changing environment. In 2008-09, we
further evolved our programs to undertake initiatives based on our core competencies. This led to the initiation of our corporate social
responsibility theme of 'Building Sustainable Livelihoods' and the EARTH (Environment Awareness and Renewal at Taj Hotels) program.

Under 'Building Sustainable Livelihoods', we support enterprise development of farmers, women self-help groups
and small scale entrepreneurs. We promote indigenous artisans and craftsmen through our revival of indigenous art and culture program. And
in partnership with like-minded organizations, we work towards enhancing the employability of less privileged rural youth through our
Hospitality Skill Training Program. Over the last five years, we have trained and certified over 12,000 youth, 97% of who have received
employment in the hospitality industry. Our hotels year on year support over 300 artisans and source products and services worth over two
crores through our sensitive vendor tie-ups.

While community development is important, we understand our environmental footprint plays a key role in ensuring
the locations of our operations are well maintained. Through our EARTH program, we have furthered our efforts towards reducing our energy,
waste and water footprint. To help reduce the impact of our daily operations, we partnered with EarthCheck - the world's leading
environmental management, benchmarking and certification program for the travel and tourism industry. Through EarthCheck, our 100 plus
hotels environmental and social performance is benchmarked against their peers and certified post evaluation. Over the last 5 years, all
our hotels have achieved silver certification & eight of our hotels have achieved Gold Certification - which is the second highest
EarthCheck certification standard. The eight hotels include Taj West End, Bangalore, Taj Lands End, Mumbai, Taj Exotica Resort and Spa,
Goa, Taj Exotica Resort and Spa, Maldives, Vivanta by Taj - MG Road, Bangalore, Rambagh Palace, Jaipur, Vivanta by Taj - President, Mumbai
and Vivanta by Taj - Ambassador, Delhi. More than 24 hotels are striving to achieve Gold certification by 2016.

For us at the Taj Group, our sustainability journey is a continuous and evolving endeavor. We relentlessly
strive to positively impact the destinations in which we operate as we understand our survival and well-being is dependent on the natural
environment. Our 11th Corporate Sustainability Report titled, 'DESTINATIONS' outlines the efforts we have undertaken in the year 2013-2014
to bring about longevity and sustainability via our community development and environment programs and initiatives. Like every year, it
has been developed based on the GRI G3.1 Guidelines, conforming to the requirements of application level A+ having received
external assurance. It also serves as a Communication on Progress towards our commitment to United Nations Global Compact (UNGC)
principles and is aligned to the National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business
(NVG-SEE).

Some of the key areas covered in our 2013-2014 CS Report include consumption of natural resources and energy
management to greenhouse gas emissions, waste management, conservation of eco systems, human resource practices & nurturing of our legacy
of being a humane employer, commitment to Tata Code of Conduct, promotion of human rights and equal opportunities, vendor management and
compliance among others.

We hope our report will provide you with new insight into the Taj Group's sustainability initiatives. We look
forward to hearing your thoughts, suggestions and ways by which we can collaborate towards further enhancing the destinations in which we
operate in.